Our third Women in power and utilities (P&U) Index analyzes gender diversity in the boardrooms of the world’s largest 200 utilities by revenue. This year the Index is static for female executive board executives (5%, the same as 2015) but shows an increase in overall board members (16%, up from 14% in 2015).
Averaged over three years, however, progress has been a glacial 1% increase. It’s time to put gender on the agenda, so utilities can realize the full business benefits of diversity.
Only 1% more women in boardroom after three years
In our most recent index, women represent 5% of board executives and 16% of board members in P&U. Over three years, the number of women on boards has only increased by 1%. To reap the rewards of more diverse boards, change must accelerate.
China Resources Power Holdings, Sempra Energy and ENGIE top the list for gender diversity
We ranked the top 200 global utilities to determine who vested the most decision-making power in their female leaders.
Who are the most gender-diverse utilities around the world?
Here we list the top three utilities for gender diversity in each region and provide a breakdown of female board executives by region.
More women in the boardroom = better business performance
There’s a proven body of evidence linking more women on boards to improved business performance. For the second year running, we did return on equity analysis on the Index. In 2016, the top 20 gender-diverse utilities outperformed the bottom 20 by 14.8%.
Kay Fuhrman of executive search firm Heidrick & Struggles discusses the top asks from utilities
While utilities are asking for diverse candidate lists, the practice of insisting on CEO and CFO experience means the majority of candidates will be male. Could utilities be more flexible?
Put gender on the agenda and reap the business rewards
Few utilities are measuring and reporting on gender diversity. Here are three things every executive can do to bring gender parity forward.
The power and utilities sector is facing disruptive change. Diversity of thought is key to navigating this change, and turning challenge into opportunity.